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In this video, Paul Vojchehoske introduces the topic of deeds of trust, also known as trust deeds, which are relevant in specific regions. He emphasizes the connection between deeds of trust, promissory notes, and mortgages, indicating that these concepts are interrelated. Paul encourages viewers to watch his previous video on promissory notes and mortgages for better understanding, providing a link to it. He sets the stage for the current discussion on deeds of trust, inviting viewers to delve deeper into the topic.